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Dec 24, 2012
12/12
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WBAL
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. >> one week until the fiscal cliff. lawmakers will return from their holiday recess. >> the ravens come back with a vengeance after three straight losses. >> santa has already begun his trip across the world. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 6:00 a.m. >> good morning. i am sarah caldwell. >> i am jennifer franciotti. happy christmas eve. >> things look good for santa. all his helpers' are trying to finish up their preparations. there could be some slippery conditions out on the roads. a lot of clouds building into the mid-atlantic. the rain is reaching parts of southern virginia. this will turn over to an icy mix. look at the temperatures right now. it will not be pure rain. we will see some sleet around baltimore. it will be chilly today. watch out for the slippery conditions. >> so far pretty light traffic. >> 1 accident along greenspring valley r
. >> one week until the fiscal cliff. lawmakers will return from their holiday recess. >> the ravens come back with a vengeance after three straight losses. >> santa has already begun his trip across the world. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 6:00 a.m. >> good morning. i am sarah caldwell....
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Dec 27, 2012
12/12
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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Dec 26, 2012
12/12
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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Dec 31, 2012
12/12
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WJLA
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only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying to do is to avoid us going over the dairy cliff. the senate agriculture committee chairs, with a draft bill that would extend the farm bill. tim vilsack -- tom vilsack yesterday warned that without a new farm bill, consumers would pay the price. let's talk about colleges. they are under pressure to be more affordable. "the wall street journal" says 24 have frozen tuition. that includes roger williams and others. you have cut tuition including seton hall university. -- you have cut tuition, including seton hall university. apple may be working on at the iwatch. i have more coming up on that in the next hour.
only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying...
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Dec 24, 2012
12/12
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WBAL
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two high-ranking senators saying over the weekend about the fiscal cliff more likely a deal won't be met in time. we'll get into that. >>> a piece of "the boston globe" over the weekend where mitt romney's elder son said his father was reluctant and didn'ten to run for president to begin with. >>> long before the duchess cambridge joined the royal family, queen elizabeth was setting the style trends. this morning her fashion secrets revealed but her official dresser. can't wait for that. >>> let's get started with that all-important forecast on this busy christmas eve morning. the weather channel's maria la rosa is in for al upstairs in the stat light center. good morning. >> we have a positive side. it's been a wind snowfall for ski he resorts across the west but travel is a nightmare. they're holding traffic in passes in the sierra nevada. it pushes to the east, and that's when we are concerned about severe weather. look at the future cast looking at the radar from midnight tonight. you see the heavy rainfall, damaging wind gusts and potentially tornadoes tomorrow morning from east
two high-ranking senators saying over the weekend about the fiscal cliff more likely a deal won't be met in time. we'll get into that. >>> a piece of "the boston globe" over the weekend where mitt romney's elder son said his father was reluctant and didn'ten to run for president to begin with. >>> long before the duchess cambridge joined the royal family, queen elizabeth was setting the style trends. this morning her fashion secrets revealed but her official dresser....
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Dec 27, 2012
12/12
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WBAL
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roping off the fiscal cliff. president obama and congress return, but they will need support from house republicans to pass the deal. is congress any closer to a compromise? >> a small village in the dominican republic has a new school thanks in part to local administrator. i have details, next. >> of baltimore school administrator is making a difference around the globe. >> this is great. she volunteered for a week in dominican republic and helped build a new school their. >> claire donehower is the assistant principal at the kennedy krieger school in baltimore. she took on another role as a volunteer in a mission to the dominican republic. >> i think it was a unique chance to take my love of working with kids and bring it into a completely different area. >> she was one of 40 volunteers chosen to complete the elementary school in a small village. they did everything from building walls with cinderblocks to painting to stuccoing. but her favorite part was interacting with the community. >> it was such a powerful
roping off the fiscal cliff. president obama and congress return, but they will need support from house republicans to pass the deal. is congress any closer to a compromise? >> a small village in the dominican republic has a new school thanks in part to local administrator. i have details, next. >> of baltimore school administrator is making a difference around the globe. >> this is great. she volunteered for a week in dominican republic and helped build a new school their....
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Dec 28, 2012
12/12
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WBAL
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new hope for a deal to avoid going off the fiscal cliff. if president obama will meet with congressional leaders later today. danielle leigh is in washington with more on the rush for a deal. >> president obama and congressional leaders need to make progress, and today's last met afternoon meeting at the white house could be a final opportunity. >> mcconnell seemed to give an indication that maybe, just maybe, the president might make a new offer giving -- getting toward the 11th-hour. >> off without a deal that cuts of the debt, taxes will go up on every worker next week. the extension to of unemployment benefits expires and deep spending cuts set in, threatening another recession. >> it really upsets me because the government is a blow to be working for the people and i don't see that. >> despite what is at stake, senators came back early only to engage in another round of bickering. >> republicans have bent over backwards. we stepped way, way out of our comfort zone. >> we wanted an agreement. but we had no takers. >> we are in the same
new hope for a deal to avoid going off the fiscal cliff. if president obama will meet with congressional leaders later today. danielle leigh is in washington with more on the rush for a deal. >> president obama and congressional leaders need to make progress, and today's last met afternoon meeting at the white house could be a final opportunity. >> mcconnell seemed to give an indication that maybe, just maybe, the president might make a new offer giving -- getting toward the...
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Dec 28, 2012
12/12
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we're getting complacent about the fiscal cliff. people are for getting about just about everything. why not get out, take a look and re-evaluate. >> are you saying everybody go to cash? >>> you know what, obviously there's going to be a small mix of stocks, bonds, cash. you know what, why don't you keep your cash. what you could do for next year, maybe if we do get a selloff maybe you could find some great entry points in the beginning of next year. >> anthony grisante, what do you think? anthony? >> it's very prudent to do that right now. i think you see the volumes on the exchanges. i know in crude oil it's about half of what it usually is. bonds, the same thing. a lot of people are staying on the sidelines. i think you have to be ready for when a deal is done and ready to jump back into the markets. >> here's the thing. i mean, when he says he's in nothing, he's not saying he's going short but anybody who's got a long portfolio and has to sell, it's the equivalent of going short, right? telling people to sell at this point is a
we're getting complacent about the fiscal cliff. people are for getting about just about everything. why not get out, take a look and re-evaluate. >> are you saying everybody go to cash? >>> you know what, obviously there's going to be a small mix of stocks, bonds, cash. you know what, why don't you keep your cash. what you could do for next year, maybe if we do get a selloff maybe you could find some great entry points in the beginning of next year. >> anthony grisante,...
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Dec 27, 2012
12/12
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people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's
people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the...
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Dec 24, 2012
12/12
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fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ >>> since we announced we were going to have the nra's wayne lapierre on the program, we received so much feedback on line, thougs of you september us tweets and comments on our facebook page, m
fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and...
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Dec 26, 2012
12/12
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that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done really, really well. we have the president and ceo at bell rock capital and jeffrey hart. welcome back. >> cassandra, how did we get that wrong, those saying was not a good environment for about the banks, 2012, low interest rates, you know, the low loan dem
that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling,...
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Dec 28, 2012
12/12
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dairy farmers and wynn farms facing their own fiscal cliffs in addition to the actual fiscal cliff. whatever cliff are you worried about? tweet us at "squawk on the street." we'll have your responses next. . time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ male announcer ] th
dairy farmers and wynn farms facing their own fiscal cliffs in addition to the actual fiscal cliff. whatever cliff are you worried about? tweet us at "squawk on the street." we'll have your responses next. . time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your...
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Dec 28, 2012
12/12
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>> z we're not on the verge of fiscal cliff, we have already gone over the of fiscal cliff. look at our problem with spending, how bloated our government is. we're $16 trillion in debt. something needs to be done. this year we're going to spend $165 billion more than we receive in social security. $3 we're going to spend for every 65 we receive in social security in medicare. this is absolutely -- we need to stop. this is not fair to young people. it's not fair for future generations they have to inherit this debt. something needs to be done. >> i agree. what do we do when we have personal debt? we raise our income, we want to raise our revenue and cut spending. >> we're not going to take -- >> we put it forward and we've cut spending cut $.5 trillion last year. >> where? >> i want to take money from the private sector and give it to a bunch of bureau kratz. let the money stay in the private sector. don't raise taxes when we have a slow economy. >> why are you telling me that? tell john boehner not to raise taxes. he'll raise them on all of us. the congress is on taxes. ever
>> z we're not on the verge of fiscal cliff, we have already gone over the of fiscal cliff. look at our problem with spending, how bloated our government is. we're $16 trillion in debt. something needs to be done. this year we're going to spend $165 billion more than we receive in social security. $3 we're going to spend for every 65 we receive in social security in medicare. this is absolutely -- we need to stop. this is not fair to young people. it's not fair for future generations they...
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Dec 27, 2012
12/12
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nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the country is in a financial crisis. i think obama gets a superhero cape after this. >> andrea: people say republican goes down either way on this. but the house and the senate, this last election by blaming republicans. does he think he will get blamed for this? no. he figures i can do whatever i want. leave the republicans out for dead. >> eric: he is winning the messaging game. that is clear. >> andrea: i say that with confidence. he was able to say look, i was willing to meet them halfway. more than 50%. they don't want to work with us together. he is coming off strong, comin
nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the...
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Dec 29, 2012
12/12
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i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbiests i've seen. it showed that the democratic party of that day were pretty much k were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever parties were mentioned. one party seemed sto stand for one thing, the complete opposite of what it stands for now. >> well, the republican party picked up the dixiecrats. they played that game. here's ben affleck in 1980 by preten pretending to be producing a hollywood movie. >> you've got six people highing out in a town. you want to set up a movie in a week. you want to lie to hollywood, a town where everybody lies for a living, and theb ythen you're going to sneak a 007 and then you're going going to walk the bradybunch out of the most watched city in the world. >> that's right. >> right. look, i've got to tell you. we
i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbiests i've seen. it showed that the democratic party of that day were pretty much k were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever...
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Dec 29, 2012
12/12
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WTTG
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cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >> certainly and he's been talking with the speaker all along. i think he's basically saying the house is really at an impasse. i don't think they can pass it on their own, but if there's a bipartisan deal that senate republicans and senate democrats can pass, the speaker's office indicated they may bring it up in the house even if they only get 1/3 or 1/2 of the republicans,
cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator...
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Dec 30, 2012
12/12
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FOXNEWSW
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now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said...
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Dec 27, 2012
12/12
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MSNBCW
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off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. if by blessed y
off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with...
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Dec 26, 2012
12/12
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CNBC
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cliff and hold it through the fiscal cliff or over the fiscal cliff, it damages everybody, all spectrums of income, tax brackets. it would hurt the economy. we just don't think that politicians are that dedicated or that adamant on the positions that they hold at least today. so we think we're going to -- in terms of towards the end of the year here, it doesn't look like they're going to repair this thing before new year's day but we do think that what will happen is in january they'll get their act together and we'll get something to go forward. we think the markets will respond positively. >> you do admit that things could get a whole lot worse from a market standpoint before they get better, right? >> if nothing is done, and we just do not feel at this point that knock will be done. we think that investors who are concerned that nothing will be done and the washingtonians will stick to that through the first quarter flat second quarter should be buying puts at this point. from the perspective that we see now, from the words that came out of both the president as well as the speaker of
cliff and hold it through the fiscal cliff or over the fiscal cliff, it damages everybody, all spectrums of income, tax brackets. it would hurt the economy. we just don't think that politicians are that dedicated or that adamant on the positions that they hold at least today. so we think we're going to -- in terms of towards the end of the year here, it doesn't look like they're going to repair this thing before new year's day but we do think that what will happen is in january they'll get...
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Dec 28, 2012
12/12
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not understand what exactly the fiscal cliff is. what this may say about the whole cliff situation. that's when we come right back. you better come back and join us once again. y wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> all right. the selloff is intensifying right now. if you're just joining us, keeping tax o
not understand what exactly the fiscal cliff is. what this may say about the whole cliff situation. that's when we come right back. you better come back and join us once again. y wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now...
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Dec 30, 2012
12/12
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CSPAN2
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fiscal cliff that occurs at midnight on december 31, tomorrow. this cliff is self-imposed. it is a penalty that we voted for if we failed to deal with the deficit that our nation faces. and unfortunately, as of this moment we've not reached an agreement to avoid it. i haven't given up hope. conversations and negotiations continue all through this day, and i'm sure into tomorrow. and i hope by the end of the day, by the end of tomorrow night we can celebrate the end of this year and the beginning of a new year with good news for the american people. this is exactly the wrong time for us to go over this cliff. we are in the midst of an economic recovery. we are seeing new job creation. businesses are seeing new growth. we are seeing the kind of economic indicators we've been waiting for for years. this going over the cliff is going to bring uncertainty to our markets, and with that uncertainty a pull back of consumer confidence and a reduction, i'm afraid, of business activity and the creation of new jobs. there are ways to avoid this, sensible way
fiscal cliff that occurs at midnight on december 31, tomorrow. this cliff is self-imposed. it is a penalty that we voted for if we failed to deal with the deficit that our nation faces. and unfortunately, as of this moment we've not reached an agreement to avoid it. i haven't given up hope. conversations and negotiations continue all through this day, and i'm sure into tomorrow. and i hope by the end of the day, by the end of tomorrow night we can celebrate the end of this year and the...
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Dec 26, 2012
12/12
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have you heard about the fiscal cliff? we go deeper into another cliff that's more of a threat to our economy. it is the container cliff. >>> i own maria's italian kitchen. we employ 400 people. the fiscal cliff is going to impact our business, who knows how much we can spend to increase our business and expansion may not be possible. the customers are so uncertain as to how they will spend their money that eating out may be considered a luxury. it really hinders our expansion possibilities. this is not a partisan issue. this is an american issue. the american people have been on a roller coaster for the past four years. it's time for them to get on stable ground. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a d
have you heard about the fiscal cliff? we go deeper into another cliff that's more of a threat to our economy. it is the container cliff. >>> i own maria's italian kitchen. we employ 400 people. the fiscal cliff is going to impact our business, who knows how much we can spend to increase our business and expansion may not be possible. the customers are so uncertain as to how they will spend their money that eating out may be considered a luxury. it really hinders our expansion...
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Dec 27, 2012
12/12
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CNBC
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the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap this year in the s&p 500 over $1 trillion. >> right. >> that's more than the cliff. >> let me go to my facebook friend michael carr. you speak washington ese. the house is convening. the president is -- >> doesn't it just make you sick? >> the were inthing you want to watch is eachon javers. i thought it was a perfect graphic. it's fabulous. you can't make it up. >> what do you do when you don't know what's going to happen, and you really don't. if you can get the debt limit thing right and guess how it's going to turn out or guess that it's actually going to d
the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap...
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Dec 24, 2012
12/12
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WUSA
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but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low 40s. a very active weather week coming up. i'll have your seven-day forecast in about five minutes. right now over to liz with a look at timesaver traffic. >>> good morning. the commute very much the same as the weather apparently. 270 montrose all quiet, cleared out. might see shopping traffic as the day goes on with the last- minute shoppers. otherwise so far so good. on the virginia ride, 395 at duke street, everything moves right along there. no problems on 95 coming in towards the mixing bowl either. that's a look at your timesaver traffic. now back to andrea. >
but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low...
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Dec 29, 2012
12/12
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FOXNEWSW
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economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here
economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate...
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Dec 31, 2012
12/12
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CSPAN
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you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come d
you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today...
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Dec 27, 2012
12/12
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CNBC
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we're going over the fiscal cliff but shortly there after, gold is going. long term i want gold but short term not so much. >> now you know what these guys think. what about you? if we do go over the cliff, would gold go higher or lower. tell us. sean egan tells us if going over the cliff would mean a slash in the credit rating and ralph acampora, two shows, 1:00 p.m. >> we'll catch you at the top of the hour. give me a target for gold next year. it's at $1660. are we going substantially higher or towards 15? are not and gold and silver has had every reason to move higher in the fourth quarter in 2012. it has not. i think the love affair hedge funds have had with gold is over and view 2013 is the year gold will finally under-perform. >>> coming up, delta's flight status, can it continue its flying stock market run into the new year, one stock, two opinions. we debate it. >>> home prices on track positive for the first time since 2006. which real estate stocks are traders banking on now? >>> japanese stocks trading on highs as the market plunges. ♪ [ cows
we're going over the fiscal cliff but shortly there after, gold is going. long term i want gold but short term not so much. >> now you know what these guys think. what about you? if we do go over the cliff, would gold go higher or lower. tell us. sean egan tells us if going over the cliff would mean a slash in the credit rating and ralph acampora, two shows, 1:00 p.m. >> we'll catch you at the top of the hour. give me a target for gold next year. it's at $1660. are we going...
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Dec 26, 2012
12/12
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WBAL
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he and lawmakers will try to prevent the economy from going over the fiscal cliff. anyone who has not taken advantage of the homestead tax credit better act fast. if you have two days left to save hundreds of dollars at tax time. postmarked by december 31, or you will have to wait another year. its stems from legislation enacted in 2007 by the state general assembly. homeowners must apply to maintain eligibility for the credit. still ahead, aerial volunteers spent the holiday serving others. an organization will help keep hundreds and warmer this winter. and that when a missouri school did to put a smile back on their custodian's face. >> the weather is going to turn active as we had through the next of the week. partly to mostly cloudy. 36 at the airport. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a litt
he and lawmakers will try to prevent the economy from going over the fiscal cliff. anyone who has not taken advantage of the homestead tax credit better act fast. if you have two days left to save hundreds of dollars at tax time. postmarked by december 31, or you will have to wait another year. its stems from legislation enacted in 2007 by the state general assembly. homeowners must apply to maintain eligibility for the credit. still ahead, aerial volunteers spent the holiday serving others. an...
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Dec 30, 2012
12/12
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WBAL
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cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the area. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact isn't real, the perceived impact could cause us to drop off in sales. >> getting a deal is up to the senate's top democrat and top republican. >> we are engaged in discussions, the majority leader myself and the white house, in hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. some people aren't going to like it. >> majority leader harry reid and minority leader mitch mcconnell say they're confident they come to a compromise but they have to sell it to john boehner and fellow republicans before the deadline. >> president obama will be david gregory's exclusive guest on "meet the press" later this morning. you can watch his inter
cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the area. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact isn't real, the perceived impact could cause us to drop off in sales....
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Dec 28, 2012
12/12
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. >> reporter: cows on the cliff or at least their milk while all eyes are fixed on the fiscal cliff. there is another deadline quickly approaching, the milk cliff. it is part of a stalled farm bill with as much as $35 billion in cuts. if the bill doesn't make it through congress before the end of the year, the government will be forced to buy vast quantities of milk under a truman era law that could send consumer milk has high as $6 to $8 a gallon because the government would be forced to pay twice the rate under the 1949 rules. fomples are would sell their milk to the government first prompting a shortage in supplies which would spike the price consumers pay. >> the farm bill is like this low hanging ornament on the congressional christmas tree that, if they just embrace, it they can automatically come up with tens of billions ever dollars in budget savings. >> reporter: the problem is the bill is stuck in the house and there appears to be no political will to move it forward. agriculture secretary tom vilsack says out of precaution, his department is preparing for the law to take e
. >> reporter: cows on the cliff or at least their milk while all eyes are fixed on the fiscal cliff. there is another deadline quickly approaching, the milk cliff. it is part of a stalled farm bill with as much as $35 billion in cuts. if the bill doesn't make it through congress before the end of the year, the government will be forced to buy vast quantities of milk under a truman era law that could send consumer milk has high as $6 to $8 a gallon because the government would be forced...
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Dec 30, 2012
12/12
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we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the course of a year. >> the final one, we are talking debt ceiling. you think the fiscal cliff thing is bad for the economy. you wait and see if they can't get the debt ceiling worked out. >> right. it's one thing to go over the fiscal cliff. that would be bad. we don't want to it happen. a recession may happen. it would be unfortunate. it's different than the u.s. defaulting on the debt. you know, we saw that back in august, 2011, we saw the downgrade of the credit rating. just by having the threat of not approving the debt ceiling increase and the possibility of defa
we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the course of a year. >> the final...
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Dec 28, 2012
12/12
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CNNW
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. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us. one final desperate attempt to dodge the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority le
. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us....
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Dec 27, 2012
12/12
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CNBC
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only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 33 points. below 3,000 now at 2957. actually, hasn't been below 3,000 before that. s&p lower by 14 points. a decline of 1%. 1405 so holding onto the 1400 level. president obama is back at the white house. all eyes are on senate lawmakers now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the
only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 33 points. below 3,000 now at 2957. actually, hasn't been below 3,000 before that. s&p lower by 14 points. a decline of 1%. 1405 so holding onto the 1400 level. president obama is back at the white house. all eyes are on senate lawmakers now. amam...
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Dec 30, 2012
12/12
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the first step is the fiscal cliff. if we take $700 billion out of our economy over the next year, our gross domestic product will grind do a halt. we will have zero growth next year, which means a recession. what they have to do now, i know it's ridiculous, but over the next few dayings, get that down to about $100 to $200 billion. brad's spot on. we cannot afford these crazy cuts across the defense and domestic programs at this particular time. if we can get it below $200 billion, then we can have -- instead of a fiscal cliff, a gradual slope so that, like a skier on a bunny slope, our economy -- which is fragile -- will continue to accelterate. then, what has to be done, is step back, as brad noted and say that simpson-bowles gave us a good outline. $1 of revenue for every $2 of tax cuts. we have to have the political courage in washington, d.c. to make this work for americans? >> how come we don't have that political courage? >> well, i don't know. you know, my take is that having been in the navy, the thing we most
the first step is the fiscal cliff. if we take $700 billion out of our economy over the next year, our gross domestic product will grind do a halt. we will have zero growth next year, which means a recession. what they have to do now, i know it's ridiculous, but over the next few dayings, get that down to about $100 to $200 billion. brad's spot on. we cannot afford these crazy cuts across the defense and domestic programs at this particular time. if we can get it below $200 billion, then we can...
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Dec 28, 2012
12/12
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let president obama own the fiscal cliff. it should be called the obama cliff. >> julia: people know how much they would have to pay. folks on the man on the street interviews . people are looking at the numbers going what. >> kelly: in today's meeting should be a crucial meet the white house should have come with its plan and boehner should have come with a plan and senator reid should come with a plan but senator reid is name call speaker of the house john boehner giving retaliation of what is done . you have a lot of name calling. listen to what boehner said in response to senator reid. senator reid should talk less and legislate more. the house has passed legislation to avoid the entire fiscal cliff and senate democrats have not. now they are coming into the meeting and there is already acrimoney instead of reconciliation. >> part of the problem, i am sorry, the house passed two spending bills and ideas to meet the fiscal cliff and cent -- subject it to the senate. they have two over there . john boehner said let me get t
let president obama own the fiscal cliff. it should be called the obama cliff. >> julia: people know how much they would have to pay. folks on the man on the street interviews . people are looking at the numbers going what. >> kelly: in today's meeting should be a crucial meet the white house should have come with its plan and boehner should have come with a plan and senator reid should come with a plan but senator reid is name call speaker of the house john boehner giving...
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Dec 29, 2012
12/12
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WTTG
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what all eyes are on the fiscal cliff, another deadline is approaching, the milk cliff. it's part of a farm bill with as much as $35 billion in cuts. if the bill doesn't make it through congress before the end of the year, the government will be forced to find vast qualities of milk under the trueman era law and that could send consumer milk prices as high as $6 to $8 a gallon because the government would be obligated to pay twice the wholesale rate under the 1949 rule. the farmers would sell their milk to the government first and prompting a shortage in commercial supplies spiking the price consumers pay. >> the farm bill is like the low-hanging ornament on the congressional christmas tree that if they just embrace it, they can automatically come up with tips of billions of dollars in budget savings. >> reporter: the problem is the bill's stuck in the house and there appears to be no political will to move it forward. agriculture secretary tom vilsack said as a precaution, his department is preparing for the laws to take affect. >> this is a bad outcome. let me be very
what all eyes are on the fiscal cliff, another deadline is approaching, the milk cliff. it's part of a farm bill with as much as $35 billion in cuts. if the bill doesn't make it through congress before the end of the year, the government will be forced to find vast qualities of milk under the trueman era law and that could send consumer milk prices as high as $6 to $8 a gallon because the government would be obligated to pay twice the wholesale rate under the 1949 rule. the farmers would sell...
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Dec 28, 2012
12/12
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cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot of cut to the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see financial problems for our nation at the bottom of the cliff and that's why i want to get a solution. >> tomorrow do you think it's going to be the beginning of the emergency meeting at the white house, is it the beginning of a deal or is it a political drama? >> my concern is it may be a political charade by the president and harry reid and nancy pelosi. i hope it actually is the beginning of a deal because if we don't get it done now, we need to go and make sure that things get done so we don't raise taxes and taxes aren't raised for all these americans that are looking at
cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot of cut to the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i...
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Dec 24, 2012
12/12
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WUSA
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the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift through this week, including the latest on home prices and sales, consumer confidence and jobless claims. >>> it's not only investors but washington's failure to agree on a budget is affecting everyday americans' confidence about their finances. the university of michigan says its consumer sentiment index for december fell sharply from november's five-year high. more than one in four people surveyed cited concerns about higher taxes. >>> these are definitely the times we need comfort food the most. thank goodness twinkies, wonder bread and devil dog
the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift...
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Dec 30, 2012
12/12
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WBAL
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in town. >> if america does fall off the fiscal cliff, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. sarah sampson continue our coverage. >> maryland has very strong ties to the federal government. lots of federal workers and businesses that rely on the federal workers. all of them are keeping a close eye on negotiations. according to a report earlier this year by the state department of legislative services, maryland stands to lose 53,000 jobs in 2013 if lawmakers cannot come to an agreement. the state will also lose tax revenue estimated at about $260 million for 2013. if the cuts go through, the state will lose $117 million in federal funding for 2013. that is money the state has already factored into its budget. >> it is gone to affect social service programs -- it is going to affect social service programs as well as some of our defense contractors in maryland. it is going to adversely impact our low income households as well as some of our higher and households. >> the first thing you will notice is in your pay
in town. >> if america does fall off the fiscal cliff, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. sarah sampson continue our coverage. >> maryland has very strong ties to the federal government. lots of federal workers and businesses that rely on the federal workers. all of them are keeping a close eye on negotiations. according to a report earlier this year by the state department of legislative services, maryland stands to lose...
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Dec 28, 2012
12/12
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WJLA
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economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. >> democrats want to extend bush-era tax cuts to everyone except those americans making $250,00 or more per year. many republicans are against any tax increases. most americans just want something to be done. >> people are tired of partisanship and they want everyone to come together. >> if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to another recession. >> misinfor
economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he...
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Dec 26, 2012
12/12
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starbucks pushing congress to reach a deal on the fiscal cliff. wait until you hear about what they're doing to send encouraging notes to our elected leaders. are you optimistic that congress will meet a post-christmas fiscal cliff deal? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> so as newtown, connecticut, recovers from the tragic shooting, police are across new england stepped in to give officers at the town's police department a day off to spend time with their families and that christmas is one of the millions the town received from all over the world after 20 children and 6 educators died in the massacre. and with students across the u.s. enj
starbucks pushing congress to reach a deal on the fiscal cliff. wait until you hear about what they're doing to send encouraging notes to our elected leaders. are you optimistic that congress will meet a post-christmas fiscal cliff deal? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news....
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Dec 28, 2012
12/12
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cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our unsustainable debt. greg: our markets are taking a little bit of a head. falling on wall street, the market is on track for its fifth consecutive decline. investors feared that the fallout will have a tremendous effect on what is already a fragile economic recovery. stephen moore joins us. when economic growth was comparatively pretty good, this the president said no, now you don't want to raise tax rates because the economy is fragile. gdp is worse now, is that? >> i think almost exactly two years ago, the president said the economy is too fragile to raise taxes on anyone. so what you have essentially was a deal that was put together. remember back in december of 2010 when we were facing a very similar situation where they agreed to extend all the tax cuts for two years. by the way
cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our unsustainable debt. greg: our markets are taking a little bit of a head. falling on wall street, the market is on track for its fifth consecutive decline. investors feared that the fallout will have a tremendous effect on what...
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Dec 31, 2012
12/12
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WRC
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. >> time is up to avert the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is live with more on what's happening today. >> the end is near. that's the end of the year, of course. what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differ
. >> time is up to avert the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is...
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Jan 1, 2013
01/13
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WJLA
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republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting married. seven couples tied the note early this morning. they were the force to take advantage of the new law legalizing same-sex marriage. and same-sex marriage is recognized in nine states. there are many other new laws that go sby effect today. we break down some of the new intrigues new laws. >> in california driverless car ace allowed on the highways. a human still had has to be in the passenger seat and californians can use their smartphones to prove they have insurance. >> it is a wonderful thing. if you have your insurance with you all the time, we have our drivers license on ther
republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting...
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Dec 28, 2012
12/12
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CNBC
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. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the new year, mandy. >>> bring it on. the s&p 500 is on track for a fifth straight decline. some of the hope does seem to be coming out of the market of late for a deal. of course, there could still be time. nonetheless, what we have seen is a drop of 1.3% so far this week. indead, the s&p's longest losing streak in three months. even the good news on home sales. not helping the three major averages which are on pace for their biggest weekly drop in six weeks. keep in mind, many investors are still away for the holiday shortened week. volume is light. that does tend to exacerbate market swings. let's get down
. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the...
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Dec 28, 2012
12/12
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WTTG
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many people believe that taxes are going to go up once the fiscal cliff is solved and how will the average american be affected by this? joining us now is gordon burnhart, a certified public accountant with burnhart wealth management. thank you for joining us. >> thank you, tom, how are you. >> so much of the uncertainty we heard from president leaves you to wonder what is the assessing in planning when you don't know about that in. >> and that is why that is important to plan. we have seen so much happen and people need to make sure they set aside the cash reserves and there is a lot of planning opportunities and investors need to work with an advisor to make sure that all of those unforseen things are addressed so they can help, again, protect families. >> and there is only three days left, two days weekend days. are there things folks can do as we head toward the deadline to protect themes in yo there are a few things. obviously, you can't do going since the stock markets are closed on saturday and sunday. on monday, investors should look at their portfolio. capital gains rates, for exa
many people believe that taxes are going to go up once the fiscal cliff is solved and how will the average american be affected by this? joining us now is gordon burnhart, a certified public accountant with burnhart wealth management. thank you for joining us. >> thank you, tom, how are you. >> so much of the uncertainty we heard from president leaves you to wonder what is the assessing in planning when you don't know about that in. >> and that is why that is important to...
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Dec 27, 2012
12/12
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CSPAN
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caller: there is no fiscal cliff. nobody said what the actual fiscal cliff is. to try topoinloy confuse the american people. nobody has ever told us what the fiscal cliff means. it does not mean anything. it is all a plou. host: jack in montana, your on the air. caller: hi. i wanted to say that we just got an announcement -- i have a small business on the side, but i also am employed by a large employer. we got an announcement yesterday that they are going to raise our withholding rates and social security withholding. it is going to cost the average person a lot of money. i don't think there's any doubt that the fiscal cliff is bad. host: what did your notice say? caller: it said that tax tables will be used for 2013 and that you can expect that your check will be greatly impacted by the increased taxes and social security withholding. host: who do you work for? caller: the state of montana. host: david in pasadena, maryland. caller: good morning. i think if you change the name, it might give a better perspective. it should be called the bush giveaway fiscal cl
caller: there is no fiscal cliff. nobody said what the actual fiscal cliff is. to try topoinloy confuse the american people. nobody has ever told us what the fiscal cliff means. it does not mean anything. it is all a plou. host: jack in montana, your on the air. caller: hi. i wanted to say that we just got an announcement -- i have a small business on the side, but i also am employed by a large employer. we got an announcement yesterday that they are going to raise our withholding rates and...
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Dec 26, 2012
12/12
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CNBC
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we focus so much on the fiscal cliff. if we shut down 14 or 15 of the biggest ports in america, that could do much more harm than any fiscal escarpment. >> it could do much more harm more quickly. the fiscal cliff on january 1st, the economy's not going to collapse. but the shutdown of these ports, you had $200 billion or $300 billion a year coming into this country through these ports. what i think interesting, the last time we saw an east coast longshoreman strike, port shutdown, was in 1977. a decade which i remember where nothing went right. nothing worked. right now, to me, not much is working so it only stands to reason that we get a strike like this at the worst possible time. >> is it even justified? peter, let me quote something from the "new york post" saying the strike is not about jobs, not about safety. essentially, what it is about is protecting big labor's archaic work practices and corrupt waterfront rackets. nerd, in other words, we are being held hostage to something that's not justified. >> that's labor
we focus so much on the fiscal cliff. if we shut down 14 or 15 of the biggest ports in america, that could do much more harm than any fiscal escarpment. >> it could do much more harm more quickly. the fiscal cliff on january 1st, the economy's not going to collapse. but the shutdown of these ports, you had $200 billion or $300 billion a year coming into this country through these ports. what i think interesting, the last time we saw an east coast longshoreman strike, port shutdown, was in...
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Dec 28, 2012
12/12
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cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could have crippled operations at port and including the port of baltimore. in a statement today, the maryland governor martin o'malley wrote, quote, the port of baltimore continues to be a major part of the state economic strait generating and supporting thousands of jobs. during the extended period, we hope long-term resolutions can be reached for the hardworking families who depend on jobs and commerce linked to the port of baltimore. >>> to the state of the skins. it's the hottest ticket in town. the redskins play host sunday night as the two teams battle it out for the nfc east title and a place in the play-offs.
cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could...